Ep. 130 Contra Robert Reich
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 19 March 2018
⏱️ 47 minutes
🧾️ Download transcript
Summary
Today we branch out a bit and take on one of Robert Reich's popular (but obviously simplistic) videos about what's gone wrong with the economy. Why, we once had strong labor unions, education, and health care, and then big money corrupted politics and we don't have any of these things, and that's where our problems come from. We're further told that the financial crisis was caused by banks "gambling," and by fraud. (He never asks why the banks should suddenly have started gambling at a particular moment, as opposed to 50 years ago; there certainly was no "deregulation" that artificially encouraged "gambling," contrary to popular belief.)
Transcript
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| 0:00.0 | Contra Krugman, episode 130. |
| 0:05.5 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
| 0:10.2 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krukman. |
| 0:16.1 | Nobel Prize winner, newspaper columnist, and destroyer of nations. |
| 0:20.1 | It's time for Contra Krugman. |
| 0:24.3 | Folks, like many of us, there's a good chance you were probably a victim of educational |
| 0:28.8 | malpractice. Well, undo all that over at LibertyClastroom.com, where we teach you the history |
| 0:35.3 | and economics you didn't get in school. |
| 0:38.7 | Hey folks, Bob Murphy here. |
| 0:40.5 | You may have heard that over the years I've been working in what's called the Infinite Banking |
| 0:44.5 | concept or IBC. |
| 0:46.5 | And perhaps you wanted to learn more about it, but you thought, I'm just so busy. |
| 0:49.3 | I don't have time for this. |
| 0:50.8 | Well, guess what? |
| 0:52.0 | Nelson Nash, Carlos, Laura, and myself, we have a new book out called |
| 0:55.5 | The Case for IBC. It shows how households and business owners can effectively secede from our |
| 1:02.4 | current banking system. Check it out at the case for IBC.com. Hello, everybody, Tom and Bob here |
| 1:10.2 | with another episode of Contra Kroogman and yet another excuse for why we're not D.com. Hello, everybody. Tom and Bob here with another episode of Contra Krugman and yet another excuse for why we're not dealing with a recent Krugman column. |
| 1:17.8 | Bob, this time we're doing a Robert Reich video. |
| 1:21.1 | And I leave it to you to explain to the befuddled listeners why that is. |
| 1:25.6 | Well, because it's kind of like, be careful what you wish for. |
| 1:28.6 | We were so mad that Kroogman wouldn't just stop talking about, you know, social issues and all |
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